All Forum Posts by: Harrison Jones
Harrison Jones has started 20 posts and replied 54 times.
Post: Facing newbie burnout - anyone finding deals?
- Posts 55
- Votes 18
Quote from @Michael Dumler:
@Zachary Floto, for the past two years I've been preaching rent-by-the-room properties to investors who are predominantly focused on cash flow. Please let me know if you are interested in learning more about this unorthodox investment strategy. Moreover, why is house hacking not an option? If you are renting and paying for someone else's mortgage, then this strategy should be top of mind.
Post: New Investors and Aged Investors
- Posts 55
- Votes 18
Quote from @Esta Ryder:
*First investment property was a vineyard that we purchased with family. Owned it for five years, made money when we sold it and have lots of great family memories.
*Biggest regret was selling a home that we bought a few years ago. The mortgage was super low and it would be making good money for us now. My husband wanted to keep it but I didn't at the time
*Biggest downfall (for my husband at least.lol) is that we have lost out on some good deals because I never make an offer on a property that my buyers would like. They get first chance and if they don't like it then we consider it. Drives my husband crazy! He says that he is a customer too but I told him that doesn't count. I feel like my clients need to really know that I put their interests first which means that we have lost out on some really good deals. But I have no regrets.
I think you biggest downfall, is what sets you apart from other agents, Finding that kind of honesty is hard to find and Im sure it has created some strong reoccurring relationships
Post: From comfort zone to growth zone in real estate
- Posts 55
- Votes 18
Quote from @Nick C.:
The good news is there is no right or wrong way to invest in RE (as long as you're making money). Regardless of your risk tolerance, there is a strategy that can work.
Personally I quit my job and went full time. Having bills to pay and no paycheck coming is very motivating.
I'm really glad you say that because that is recently what I have done. I have went full time in to acquisition and it has been an amazing experience full of knowledge that I don't think I would have ever gotten had I not completely dived in.
I see that makes a ton of sense!
I work for an acquisition company in NC, so I work with a lot of investors, one thing I'm trying to do for my out of state investors is create "boots on the ground". Are those individuals found or created? As an agent what am I looking to do? Search these individuals out or find the GC that are hungry to grow? What have you found that has helped you grow and create the network that has made you successful? What guidance would you suggest when navigating this portion of the journey.
Agents shifting from working with home buyers to investors, What has been the biggest changes that you notice. How would you compare and contrast your experience.
Quote from @Michael J.:
First off, your investors don't just need properties. They need PROFITABLE properties. They want results, and you've got to have the nose for it. Dive into the market, understand what makes a property a goldmine, and get those insights. Your knowledge isn't just experience, it's currency!
Networking! Meet contractors, other investors, lawyers, accountants. Build that network so strong that you become the go-to guy. You want to be the one-stop-shop. Connect your investors with the right people, and watch the money roll in.
Educate yourself continually. There are seminars, webinars, masterminds. Get out there and absorb it all. Be the industry expert, and then leverage that expertise. Share that wisdom with your investors, show them you're the real deal.
Finally, be a beast with follow-up. Don't be the one that lets deals slip through your fingers. Be on top of everything. Your investors want results, not excuses.
You got this!
This really put things in to a perspective I really appreciate your response!
Experienced Investors given the changes that have been witness throughout the market over the last decade. I'm sure both goals and expectations have altered since you have began investing. What expectation and goals would you recommend new investors have when beginning their journey? How has your expectations changed over the recent years?
Post: Investor's, what factors of the market Excite/Concern you?
- Posts 55
- Votes 18
All investors looking into the market what are some general characteristic excite you and which one concern you. This would mostly be in references of the national market rather than local markets. What is you general sentiment you have towards the market? Are you actively doing projects now? What you noticing that is different now than before?
Post: Investing near Goldsboro, NC
- Posts 55
- Votes 18
Goldsboro is a solid market to look at. But one market that is growing and I feel has a lot of potential is just North of Goldsboro. I think Rocky Mount is a place I have find a lot my investor flocking too. This market is growing and experiencing the effects of a supply shortage. Homes in the area having single digit Days on Market and months of supply lingering around 2.7 over the last few months. What other markets are you looking into?